Silver price in Indian Rupee (INR) — India
This page tracks the live silver price in Indian Rupee (INR) for India, by the gram, troy ounce and kilogram, plus the 999, 925, 900 and 800 purities. Prices are derived from the global XAG/USD spot rate and converted into INR at India's parallel-market exchange rate.
How the silver price in INR is calculated
Silver is quoted internationally in US dollars per troy ounce (XAG/USD). To express it in Indian Rupee, we convert the spot price to a per-gram figure, apply the purity factor, and convert to INR at India's parallel exchange rate — the rate at which dollars actually trade, rather than the lower official Reserve Bank of India (RBI) rate.
Silver units and purities (gram, ounce, kilogram)
One troy ounce equals 31.1035 grams and one kilogram is 1,000 grams, so the per-ounce price is the per-gram price times 31.1035, and the per-kilo price is times 1,000. Purity is given in thousandths: 999 is fine (investment) silver, 925 is sterling, 900 and 800 are common in coins. A 925 piece is worth about 92.5% of the 999 price for the same weight.
Why silver prices follow the parallel market in India
The rupee is largely market-determined on the current account, so India's informal-market gap is small and mostly tied to cash and hawala flows. Like gold, silver is a dollar-priced store of value, so its INR price climbs as the parallel rate weakens. Tracking silver in Indian Rupee gives a low-cost read on the same currency pressures that move gold and the street dollar.